Exhibit 99

Scripps Networks Interactive reports first quarter 2016 financial results

Increases full-year adjusted segment profit guidance

First quarter 2016 financial highlights:

For immediate release

May 5, 2016

KNOXVILLE, Tenn. — Scripps Networks Interactive, Inc. (Nasdaq: SNI) today reported first-quarter 2016 operating results.

The company reported an increase of more than 24% in revenues for the quarter, with segment profit up 32% compared with the prior year period. The strong performance in the U.S. was driven by the increase in ratings at all six U.S. networks, coupled with the strong advertising market. This translated into the highest quarter-over-quarter advertising percentage growth for the U.S. Networks’ segment in five years. The company’s double-digit international revenue growth was driven by the inclusion of TVN, Poland’s leading multi-platform media business.

With the strong performance both in the U.S. and internationally, coupled with the ongoing strength of the U.S. advertising market, the company increased adjusted segment profit guidance to 8% for the full-year.

"This has been a tremendous quarter for Scripps Networks Interactive. The power and appeal of our lifestyle networks continues to grow in the U.S. as evidenced by the increase in ratings at all of the U.S. networks and strongest advertising growth in five years. Meanwhile, our international business is really delivering on the high expectations that we have for the segment,” said Kenneth W. Lowe, Chairman, President and Chief Executive Officer of Scripps Networks Interactive. “The consistent financial performance that our networks produce demonstrates our ability to deliver on our proven strategy of developing lifestyle content and creating deeper connections with consumers around the world."

During the first quarter, Scripps Networks Interactive was the only major media company to

generate positive ratings growth at all of its U.S. television networks compared with the prior year period, making it one of the best quarters in the company’s history. HGTV had its highest rated quarter ever for adult 25 to 54 viewers. Food Network and Travel Channel both continued their primetime ratings growth while DIY Network delivered its highest rated quarter among adults 18 and over. Cooking Channel had its highest rated quarter ever, and Great American Country had its highest rated quarter since 2008, both in the important primetime adult 25 to 54 demographic.

Internationally, the company continues to deliver strong growth. TVN realized mid-single digit revenue growth in local currency, and, for the just completed fiscal year, UKTV experienced double-digit revenue growth in local currency.

First Quarter Results

Consolidated revenues for the quarter were $816.9 million, an increase of 24.1% compared with the prior-year period. Consolidated advertising revenues were $571.9 million, an increase of 31.4%, and consolidated distribution revenues were $228.1 million, an increase of 9.1%, compared with the prior-year period.

Consolidated segment profit was $338.4 million, an increase of 31.7%, compared with the prior-year period. Adjusted consolidated segment profit was $346.8 million, an increase of

27.4%.^(a) The year-over-year improvement was driven by a boost in revenue, which reflects the inclusion of TVN and growth in both advertising and distribution revenues from U.S. Networks, partially offset by additional programing costs for U.S. Networks and increased international operating expenses as a result of the inclusion of TVN.

First quarter consolidated net income attributable to Scripps Networks Interactive was

$290.9 million, or $2.24 per diluted share, compared with $123.8 million, or $0.94 per diluted share, in the prior year period. First quarter adjusted consolidated diluted earnings per share increased 34.3% to $1.37 per share.^(b) This increase was primarily due to improved operating performance as a result of strong revenues and international expansion.

Segment Results

U.S. Networks’ revenues for the first quarter of 2016 were $702.2 million, an increase of

9.9%, driven by both advertising and distribution revenue growth. Advertising revenues were $487.3 million, an increase of 13.7%, reflecting continued strength in the advertising market for our lifestyle brands coupled with ratings growth at all six networks. Distribution revenues were

$202.1 million, an increase of 2.2%, primarily driven by negotiated rate increases and additional distribution from new over-the-top entrants, partially offset by a one-time rate equalization of certain distributor agreements that are being consolidated and overall subscriber declines. 

U.S. Networks’ segment profit for the first quarter of 2016 was $359.5 million, an increase of   19.6%. U.S. Networks’ adjusted segment profit was $363.3 million, an increase of 19.6%.^(a) This reflects revenue growth, partially offset by a slight increase in expenses. The increase in cost of services expenses was largely offset by decreases in selling, general and administrative expenses, reflecting a deferral of marketing expenses and ongoing operating efficiencies achieved from the restructuring and early retirement program.

International Networks’ revenues for the first quarter of 2016 were $121.3 million compared with $24.1 million in the prior-year quarter, and segment profit was $9.8 million compared with a loss of $5.9 million in the first quarter of 2015, both primarily due to the inclusion of TVN.

Corporate and Other included a segment loss of $30.9 million in the first quarter of 2016 compared with a segment loss of $37.7 million in the prior year quarter. Corporate and Other adjusted segment loss was $26.3 million, compared with a loss of $25.8 million in the prior year first quarter.^(a)

Updated 2016 Guidance

The company provided the following updated outlook for 2016. All guidance is based on total company performance and excludes restructuring expenses. Due to stronger than expected advertising pricing and continued positive ratings from the U.S. Networks, the company now expects full-year adjusted segment profit to increase 8%, up from the previously issued 7%. All other guidance remains unchanged.

Conference Call

The senior management team of Scripps Networks Interactive will discuss the company’s first quarter 2016 results during a telephone conference call at 11 a.m. ET today. Scripps Networks Interactive will offer a live webcast of the conference call. To access the webcast, visit www.scrippsnetworksinteractive.com and follow the Investors link at the top of the page. The webcast link can be found next to the microphone icon on the investor relations landing page.

To access the conference call by telephone, dial 877-260-8896 (U.S.) or 612-332-0636 (international) approximately ten minutes before the start of the call. Callers will need the name of the call, "SNI First Quarter Earnings Report," to be granted access. Callers also will be asked to provide their name and company affiliation. The media and general public are granted access to the conference call on a listen-only basis.

A replay line will be open from 1:00 p.m. on May 5 until 11:59 p.m. ET on May 19. The domestic number to access the replay is 800-475-6701, and the international number is 320-365-3844. The access code for both numbers is 391241.

A replay of the conference call will also be available online. To access the audio replay, visit www.scrippsnetworksinteractive.com approximately four hours after the call, choose the Investors page, then follow the Audio Archives link at the top of the Investor Relations page.

Forward-looking statements

This press release contains certain forward-looking statements related to the company’s businesses that are based on management’s current expectations. Forward-looking statements are subject to certain risks, trends and uncertainties, including changes in advertising demand and other economic conditions that could cause actual results to differ materially from the expectations expressed in forward-looking statements. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. The company’s written policy on forward-looking statements can be found on page F-2 of its 2015 Form 10-K filed with the Securities and Exchange Commission. The company undertakes no obligation to publicly update any forward-looking statements to reflect events or circumstances after the date the statement is made.

About Scripps Networks Interactive
Scripps Networks Interactive (Nasdaq: SNI) is one of the leading developers of engaging lifestyle content in the home, food and travel categories for television, the Internet and emerging platforms. The company's lifestyle media portfolio comprises popular television and Internet brands HGTV, DIY Network, Food Network, Cooking Channel, Travel Channel and Great American Country, which collectively engage more than 190 million U.S. consumers each month. International operations include TVN, Poland’s premier multi-platform media company; UKTV, an independent commercial joint venture with BBC Worldwide; Asian Food Channel, the first pan-regional TV food network in Asia; and lifestyle channel Fine Living. The company’s global networks and websites reach millions of consumers across North and South America, Asia, Europe, the Middle East and Africa. Scripps Networks Interactive is headquartered in Knoxville, Tenn. For more information, please visit http://www.scrippsnetworksinteractive.com.

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Contact:  Scripps Networks Interactive, Inc.

Investors:  Mike Gallentine, 865-560-4473, mgallentine@scrippsnetworks.com

Media:  Dylan Jones, 865-560-5068, DJones@scrippsnetworks.com, or

Lee Hall, 865-560-3853, LHall@scrippsnetworks.com

(in thousands, except share and par value amounts)

(in thousands)

Non-GAAP Financial Measures

Our Chief Operating Decision Maker evaluates the operating performance of our businesses and makes decisions about the allocation of resources to the businesses using a measure we call segment profit. Segment profit excludes interest, income taxes, depreciation and amortization, divested operating units, investment results and certain other items that are included in net income determined in accordance with accounting principles generally accepted in the United States of America (“GAAP”).

Items excluded from segment profit generally result from decisions made in prior periods by corporate executives rather than the managers of the businesses. Depreciation and amortization charges are the result of decisions made in prior periods regarding the allocation of resources and are, therefore, excluded from this measure. Financing, tax structure and divestiture decisions are generally made by corporate executives. Excluding these items from the performance measure of our businesses enables us to evaluate operating performance based upon current economic conditions and decisions made by the managers of those businesses in the current period.

As a result of the acquisition of N-Vision B.V. (“N-Vision”), the majority shareholder of TVN, the international operating segment that was previously not significant, has become significant. Therefore, the company now has two reportable segments: U.S. Networks, previously referred to as Lifestyle Media, and International Networks. As a result, certain prior period segment results have been recast to reflect the current presentation.

International Networks includes the TVN lifestyle-oriented networks as well as those available in the United Kingdom, other European markets, the Middle East and Africa, Asia-Pacific and Latin America.

Corporate and Other includes the results of businesses not separately identified as reportable segments for external financial reporting purposes and will continue to be disclosed separately from the results of U.S. Networks and International Networks. The company generally does not allocate corporate employee-related overhead costs to its reportable segments, but rather classifies these expenses within Corporate and Other. However, certain corporate costs, including information technology, pension and other employee benefits and other shared service functions, are allocated to our businesses. The allocations are generally amounts agreed upon by management, which may differ from amounts that would be incurred if such services were purchased separately by the businesses.

A reconciliation of segment profit to operating income determined in accordance with GAAP for each business segment is as follows:

The table below reconciles certain non-GAAP measures with the most directly comparable GAAP financial measures.

We define free cash flow as cash provided by operating activities less dividends paid to non-controlling interests and acquisitions of property and equipment. We measure free cash flow as we believe it is an important indicator for management and investors as to our liquidity, including our ability to reduce debt, make strategic investments and return capital to shareholders. A reconciliation of free cash flow is as follows:

Since segment profit, adjusted segment profit, adjusted net income and free cash flow are non-GAAP measures, they should be considered in addition to, but not as a substitute for, operating income, net income, cash flow provided by operating activities and other measures of financial performance reported in accordance with GAAP.

SUPPLEMENTAL FINANCIAL INFORMATION

U.S. Networks earns revenue primarily from the sale of advertising time on our national television networks and interactive platforms, distribution fees paid by cable and television systems, telecommunication service providers and other distributors that carry our network programming

and the licensing of our content to third parties and brands for consumer products, such as videos, books, kitchenware and tools. 

Supplemental information for U.S. Networks is as follows:

Operating Revenues by Network – 2016 and 2015